WHALE´s HEAD & SHOULDER -BEAR TRAP
Updated
Hello everyone
I want to share what I'm seeing.
I am seeing a head and shoulders development for several reasons:
1) It strikes me that this bottom bounce is not reflected in the wonderful ChrisMoody ´s indicator to find bottoms. Its show the bottom in GREEN. It's the first time in years that I've seen this. It would look like a bullish rebound without really bottoming reached. Therefore, I will be very suspicious of this flag. This tool would indicate us that it is a bear trap.... We will be cautious.
2) The bullish candles of 3/18/18 and 3/3/18 occurred in less than 5 minutes!!!!!!!!!!!
For all this my interpretation is that a whale did not want to leave out all the small fish that were waiting for the fall to 6000u $ s and before hitting bottom, made a massive purchase of BTC to leave all these small fish out and generate "Fear and panic "among them. The climb was so fast that he did not have time to react. In this way, the whale begins to eat the frightened small fish on the shoulders and on the head. Once you finish eating. We will go down as fast as we climbed (the same strategy).
We are still in the descending channel.
This is what I see.
I can be mistaken, of course! that's why I have orders to buy with Stop Loss well above the head so the whale will have to try harder to get me into his dinner.
Only for entertainment.
Sergio00 loves you.
I want to share what I'm seeing.
I am seeing a head and shoulders development for several reasons:
1) It strikes me that this bottom bounce is not reflected in the wonderful ChrisMoody ´s indicator to find bottoms. Its show the bottom in GREEN. It's the first time in years that I've seen this. It would look like a bullish rebound without really bottoming reached. Therefore, I will be very suspicious of this flag. This tool would indicate us that it is a bear trap.... We will be cautious.
2) The bullish candles of 3/18/18 and 3/3/18 occurred in less than 5 minutes!!!!!!!!!!!
For all this my interpretation is that a whale did not want to leave out all the small fish that were waiting for the fall to 6000u $ s and before hitting bottom, made a massive purchase of BTC to leave all these small fish out and generate "Fear and panic "among them. The climb was so fast that he did not have time to react. In this way, the whale begins to eat the frightened small fish on the shoulders and on the head. Once you finish eating. We will go down as fast as we climbed (the same strategy).
We are still in the descending channel.
This is what I see.
I can be mistaken, of course! that's why I have orders to buy with Stop Loss well above the head so the whale will have to try harder to get me into his dinner.
Only for entertainment.
Sergio00 loves you.
Trade active
I want to clarify that this chart is based on 2 bullish candles of several hundred dollars each, formed in 3-5 minutes without having a typical resistance reaction when it reaches the bottom.It is an observation of the indicators of the chart but the prediction is based on the psychology of the whale.
Why use psychological prediction?
Because it is clear that all this upward movement begins without respecting the market indicators, in other words, it is a manipulation of the market.
Manipulations can not be predicted from the chart indicators because they do not respect them. Manipulations are predicted from human psychology.
As I said, I think they're going to take an abrupt fall to our right shoulder. And then, when BTC reaches the bottom, we will pay attention to market indicators as always.
Note
if the price drops abruptly, keep in mind that there was no support reaction to the 7300 level because everyone was waiting for it to fall to 6K. So it is a good idea to change our stop loss orders always a little above the current price to ensure the benefit of the short gain. Right now you can also do that with the current price ;)
Note
The right shoulder looks like a break soon.We won with this chart 4.3% at the moment.
Dont forget put your Stop Loss buy orders
Save your profit.
The trick is always put stop orders (buy or sell) a little above the bottom (buy) and a little below the top (sell) . In this way you always win.
Trade active
We have a larger right shoulder than the original idea.The head has not been overcome by the right shoulder.
We have a triangle in this stage that is about to converge.
Instructions just for your entertainment:
We have not lost money and dont want to lose it. Put Stop buy orders positions above the head for save your money.
In case it breaks down, we will watch the lower side of the triangle to take advantage of the bullish rebound and get more benefit. Always put your buy orders above the current price to not be below the price and lose the bullish momentum.
We remain vigilant
Note
Target 1) 8600 reached.. Now we are in target 1 ( save your profit)!!Target 2) 8200 (save your profit)
Note
You can put your stop order a little above the resistance levels to save your profit from fake bounces ;)Trade active
We have 6,40% profit with the current price 8484.Save your money and put your stop buy order away from the fish ( a little above the resistence levels).
Note
Trade active
Not resistence detected at 8200 levelStrong bearish impulse
Note
Target (2) 8200 reached11% profit now (8080)
Trade active
We are falling fast like expected. 12.6X profit at the moment.
We are not certain that we will reach 7300. This may be the maximum benefit we get. Or not.
Right now I could say that the Chart is closed for having achieved all the objectives.
Instructions for your entertainment: We must put our Stop Buy order above the resistence levels. We can use the wonderful ChrisMoody ´s indicator to find bottoms and see the chart at 4hs, 15 or 5 minutes to detect resistence levels and put our Stop order above it and save our Profit if the whale turn 180º and do a bounce.
Remember, the stop orders away from the fishing area. Our Stop orders only must be activated by whales!
Note
You may have noticed that most TOP users almost never set targets in shorts..... They are functional to the system. Everyone wants our u
S The sirens are singing again
Note
Be careful!The price stop without support!
May be a new Fake bounce coming
Trade closed: target reached
WE HAVE A WHALE BOUNCE AND OURS STOP ORDER WERE ACTIVATEDNo strong support at 15M CHART
Trade closed: target reached
4HS CHARTIf you compare the suport indicator is not big if we compare it with the 9/3 and 15/3 bounces. So,, we have a bullish movement but we dont know if this movement can Break the donwtrend channel of BTC ( 10K).
The only thing that we know is that we get 10-13% profit with this chart or we did not lose money. That is very good too!!
Activate your STOP/Limit buy orders and follow the whale always. If she win, you win too!!
Was a pleasure share this char with you!! I really hope you have been useful!
I do not usually make charts because there are better chart cartoonists than me, but this time I did it because all TOP users hinted that we were going up and that was not true. It was a bullish trap.
We got an almost perfect head and shoulders. and we won a good percentage.
I do not have VIPS users, I just like to know what it has been.
So it was like that, I only ask you a Like so that I know it.
Thank you!!!!!!!
Note
Sorry for my poor English!!!
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